How to Earn Daily Income with Binance Earn
Are you amongst the many people that have been looking for how to earn money online without making a penny and so have not achieved any success with this quest? Since the inception of online investments, so many people have tried various methods and tricks with little or no success. Is there really an online investment that works and you can actually trust to earn returns daily or make passive income?
The clear answer to his question is YES, but it should be noted that any legit online investment either in Africa or any other continent must fulfill these two basic and compulsory standards: the investment must be transparent and your earnings must be withdrawable. These two criteria must be met for an online investment to earn you passive or fulltime income.
What is Binance Earn?
Binance Earn is a one stop investment solution. It is an online cryptocurrency investment on the Binance Exchange that many in the crypto space are taking advantage of; leveraging on the different investment packages provided by the most popular Crypto currency Exchange through the Binance Earn initiative and so many are earning income daily for some years now.
Binance Earn affords you the opportunity to earn returns on investment or interests from your crypto currency staked or saved in your wallet. Interests are accrued daily and sent to your wallet at a specific time of the day, making it very transparent and your interests can be used to trade or withdrawn to the P2P platform where you can sell and have your funds drop in your bank accounts in minutes. Binance Earn can also help you mine new cryptocurrency from your staked assets.
What portfolio packages does Binance Earn offer?
There are four basic packages that you can earn from namely:
This package offers two options for those willing to save their crypto currencies.
Flexible Savings: This option allows you earn daily from holding your crypto currency and gives you flexibility to redeem or unstake your crypto anytime.
Fixed Savings: This option gives you higher profits but restricts you to only redeem your saved crypto at a fixed period, depending on which period selected at time of stake. It offers staking periods ranging from 7 to 90 days. If you need to redeem earlier, the accrued interest paid to you will be deducted from your redeemed crypto.
This package allows you to stake coins for a crypto projects and Binance acts like the intermediary for easy access to support proof of stake networks. You earn daily and can redeem your income from staking at any time.
This package requires providing liquidity by staking your crypto in pairs to a liquidity pool. When you provide the pair of crypto for a pool, no transaction fee is charged but when you choose to stake only one out of the pair, you pay a transaction fee to subscribe providing liquidity to that pool. You earn very high interests and transaction fees daily from providing liquidity. Please note that there is a small risk of impermanent loss with this package and so you must understand the concept properly before subscribing to this package.
This package offers multiple options for those willing to save their BNB coin.
Flexible Savings: This option allows you earn daily from holding the BNB coin and gives you flexibility to redeem your BNB coin anything.
Locked Savings: This option allows you earn daily from holding the BNB coin locked in a vault for a period ranging from 7 to 90 days.
Launch Pool: This option allows you earn a new cryptocurrency at the launch of the project from Binance simply by holding the BNB coin. It requires that you stake your BNB coin to a launch pool and you earn a new crypto at the end of the project staking period as your reward or income.
Which of these options appeal to you? Anyone you choose; you can track and monitor your daily income from your ‘Earn wallet’. Your earnings drop automatically and are redeemable based on the terms and agreement you’ve accepted. Binance Earn is the most valid, genuine and guaranteed type of online investment to invest in.
Crypto enthusiasts are always seeking to search out new ideas and innovative ways to earn profits in the crypto space. Traditional trading is no longer the only way to earn profits from crypto.
Binance Earn is one of such remarkable innovations, so many ‘crypto hodlers’ with accounts on the exchange are currently leveraging and earning from. The package offers different investment options to earn passive income daily. Binance Earn Savings and Staking are the two most common packages a lot of investors of crypto currency prefer.
What is Binance Earn Savings?
Binance Earn Savings is one of the four ways to earn passive income from holding and saving your crypto and earning interests daily. It offers two options:
Fixed Savings: This option gives you higher profits as high as 7.79% APY for coins like ADA and 7.72% APY for BUSD, but restricts you to only redeem your saved crypto after a fixed period ranging from as short as 7days to as long as 90 days for some crypto.
Flexible Savings: This option allows you earn daily profits from holding crypto currency. It guarantees you daily interests of up to 2.19% APY for BUSD and 2.01% APY for USDT from holding your crypto currency and gives you the flexibility to redeem it at anytime and be able to use it almost immediately or before 24hrs.
How to Subscribe and Redeem Staked Crypto from the Binance Earn Flexible Savings
If you are interested in investing on Binance Earn and thinking about how to subscribe to Binance Earn and the possibility of how to redeem your staked crypto back to your wallet without hitches, then read this article to the end.
Investing on Binance Earn is a great investment option for you if you have decided to earn passive income from holding your crypto in your wallet. The accrued interest is calculated based on annual yield per year (APY).
How to Subscribe BUSD on Binance Earn Savings
For the purpose of describing the process involved in subscribing crypto, we will use BUSD as case study but the process to subscribe is basically the same with any other crypto. The process is very simple considering the interactive feature that the Binance Exchange provides to make the process seamless for its users to subscribe to the flexible savings.
To Subscribe BUSD to the Flexible Savings, follow these simple procedures:
§ First, Register a free trading account via https://accounts.binance.com/en/register?ref=65177765
§ Next, Compete KYC identity verification by uploading an acceptable identity document to confirm your identity.
§ Provide a proof of address- a Utility bill, or a bank statement of account.
§ After successfully completing your KYC, buy BUSD or any other crypto you want to save by buying using P2P via link: https://p2p.binance.com/en?ref=65177765
§ After buying BUSD, transfer your BUSD from P2P to your spot wallet by using the transfer option in the P2P window.
§ Next, from the Home window, click on Binance Earn and select Savings.
§ In the savings window; select Flexible savings and choose BUSD or any other crypto you wish to stake.
§ In the following window, click stake and complete the process by selecting the amount of BUSD you want to save that will yield the 2.19% APY daily.
§ Finally agreeing to the terms and conditions after reading it.
§ The staked amount will then be automatically removed from your spot wallet where you have access to and sent to you Earn wallet where you can track your redeemed and cumulative interest of the subscribed BUSD
§ You can increase your staking by using the stake option from your Earn wallet dashboard to add to your staked positions in order to increase your profits.
How to redeem the staked BUSD from Binance Earn Flexible Savings
The process of redeeming your saved BUSD or any other staked crypto from the Binance Earn package is as simple as four clicks from your Binance Earn wallet.
To redeem BUSD from the Flexible Savings, follow these simple four steps:
§ First, click on the Earn wallet option to navigate to the Binance Earn dashboard.
§ Next, choose BUSD, and select the amount of BUSD you want to redeem back to your spot wallet where you will have access to it either to trade, hold or sell.
§ The next step is pick any of the two redemption option- Fast redemption sends the selected amount of BUSD immediately into your spot wallet without earning interest for that day while Standard redemption sends the selected amount of BUSD along with that day’s interest within 24hrs.
§ The final step is to agree to the terms and conditions by ticking the box and then click on Redeem.
§ Your BUSD will now be in your spot wallet and you can now have access to your funds for use.
The process to subscribe and redeem your funds or crypto is quite very easy and automatic; without any hitches for everyone with a Binance account, even if the person is not a pro with “technological knowhow”, thanks to the interactive feature the Binance Exchange platform offers to users for seamless transactions.
What is Staking Coins?
Staking is a term that simply means that you save your coins or token into a pool where others also have the same crypto saved. By staking your coins there, you become a stakeholder in the crypto project becoming a liquidity provider for the exchange benefiting both the token project and the exchange.
When you stake crypto on Binance; Binance acts like the intermediary between you- the stake holder and the project owners for easy access and to support the proof of stake networks (Project owners).
As a stake holder in the project, you are qualified to earn returns on investing the crypto staked daily and can redeem the interest accrued from staking at any time. Binance also offers staking on various ‘DeFi projects’.
How to Stake coins on Binance
You could probably be thinking that the process may be complicated but the irony is that; it is so simple to stake coins on the Binance exchange- no wonder many crypto investors prefer to stake tokens and coins on the popular Crypto Exchange.
Here is a step by step guide on how to start earning daily income by investing in crypto on Binance.
§ First, Register a free trading account via https://accounts.binance.com/en/register?ref=65177765
§ Next, Compete KYC identity verification by uploading an acceptable identity document to confirm your identity. This you can do by going to account profile; then click on Identity Verification;
§ Complete Basic Identity verification by providing personal details such as full name email address, date of birth etc.
§ Compete intermediate verification by providing more personal details, scan and upload any one of the following accepted identity document- A voter’s card, A National I.D. Drivers License, or an International Passport.
§ To complete the intermediate verification; upload a scanned passport size photo to verify your facial identity, and then complete a facial capture process that involves blinking the eyes to confirm you are not a robot.
§ Simply confirm your residential details and upload a proof of address by submitting any one of the following documents- A Utility bill, or a bank statement of account.
§ After successfully completing your KYC, convert your capital to BNB or any other crypto you want to stake by buying using P2P via link: https://p2p.binance.com/en?ref=65177765
§ Finally, chose from the Binance Earn window and follow the interactive guide to successfully subscribe to whichever of the investment options you have selected.
Disclaimer: Staking is not risk free; conduct a due diligence for any project you want to stake or invest in and do well to make your findings before staking. Binance strives to offer its users only the best projects; however, Binance acts only as an intermediary platform to showcase projects and provide users with related staking services, such as accessing funds on behalf of users and distributing earnings to user’s wallets promptly and automatically, etc.
Binance does not assume liability for any losses incurred due to project on-chain contract security issues.
That being noted, Staking on Binance Earn can earn you interests as high as 100% APY and can be a very tempting and fruitful investment if all the metrics work out perfectly.
For more details on earning passive income from saving or investing in crypto on the Binance Exchange- the best crypto currency platform where you can buy and sell Bitcoin; read more from the Binance academy via link: https://academy.binance.com/en/articles/a-beginners-guide-to-earning